Assuming that the allowance method is being used,prepare journal entries to record the following transactions.Omit explanations.
Mar. 15 Sold merchandise to Faust for $ \$ 6,000 $ on account.
Apr. 15 Received $ \$ 3,000 $ from Faust.
Aug. 15 Wrote off Faust's account as uncollectible.
Nov. 15 Unexpectedly received payment in full from Faust.

Question

Assuming that the allowance method is being used,prepare journal entries to record the following transactions.Omit explanations.
 Mar. 15 Sold merchandise to Faust for $ \$ 6,000 $ on account.
Apr. 15 Received $ \$ 3,000 $ from Faust.
Aug. 15 Wrote off Faust's account as uncollectible.
Nov. 15 Unexpectedly received payment in full from Faust.

Quizplus · Accepted Answer

The Answer of Assuming that the allowance method is being used,prepare journal entries to record the following transactions.Omit explanations.
 Mar. 15 Sold merchandise to Faust for $ \$ 6,000 $ on account.
Apr. 15 Received $ \$ 3,000 $ from Faust.
Aug. 15 Wrote off Faust's account as uncollectible.
Nov. 15 Unexpectedly received payment in full from Faust.

Assuming That the Allowance Method Is Being Used,prepare Journal Entries $6,000 \$ 6,000 $6,000

Assuming That the Allowance Method Is Being Used,prepare Journal Entries $\$ 6,000$